Riley works for a company with a 401(k) plan. The company matches at $0.50 on the dollar the first 6% of the employee's salary contributed to the 401(k). If Riley earns $90,000 and contributes 12% of her salary, how much will the employer match be in dollars for the year? $1,400 $2,700 $4,050 $5,400 $10,800

Riley works for a company with a 401(k) plan. The company matches at $0.50 on the dollar the first 6% of the employee's salary contributed to the 401(k). If Riley earns $90,000 and contributes 12% of her salary, how much will the employer match be in dollars for the year? $1,400 $2,700 $4,050 $5,400 $10,800

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses

Section: Chapter Questions

Problem 38P

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